Thorney Opportunities : Change in substantial holding for TPE

26 August 2016

Manager Company Announcements ASX Limited

Level 10

20 Bond Street

SYDNEY 2000

Dear Sir/Madam,

Following is a Form 604 Notice of change of interests of substantial holder dated 26 August 2016 in accordance with section 671B of the Corporations Act.

Yours sincerely,

Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000

Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

1. Details of substantial holder

   Name	THORNEY OPPORTUNITIES LTD
   ACN (if applicable)	080 167 264

   There was a change in the interests of the substantial holder on 23-Aug-16

   The previous notice was given to the company on 14-Oct-15

   The previous notice was dated 14-Oct-15

2. Previous and present voting power

   The total number of shares votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

   Class of Securities	Previous Notice		Present Notice
   Person's votes	Voting power	Person's votes	Voting power
   Fully Paid Ordinary Shares	3,049,320	5.93%	3,961,134	7.50%

3. Changes in relevant interests

   Particulars of each change in, or change in the nature of, relevant interests of the substantial holder or an associate in voting securities of the company or scheme since the substantial holder was last required to give a substantial holding notice to the company are as follows:

   Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to Change	Class and number of securities affected	Person's votes affected
   23-Oct-15 To 26-Aug-16	Thorney Opportunities Ltd	Market purchases	Market prices	465,810 ordinary shares	465,810
   	TIGA Trading Pty Ltd		$nil	439,569 ordinary shares	439,569

4. Present relevant interests

   Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

   Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Class and number of securities
   Thorney Opportunities Ltd, TIGA Trading Pty Ltd, Thorney Investment Group Australia Pty Ltd, Jamahjo Pty Ltd	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	2,605,079 ordinary shares
   TIGA Trading Pty Ltd, Thorney Investment Group Australia Pty Ltd, Jamahjo Pty Ltd	UBS Nominees Pty Ltd	TIGA Trading Pty Ltd	1,356,055 ordinary shares

5. Changes in association

   The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

   Name	Nature of association

6. Addresses

The addresses of persons named in this form are as follows: